Reply to post: Re: I'm not surprised

Euro banks warned off Bitcoin as Canada regulates it

Mark .

Re: I'm not surprised

What "much greater" risks are there for someone using it to transfer money, e.g., between countries, or in countries where banks don't offer easy transfer like in the UK? (The US's idea of 21st century banking is that you can use your phone to scan a cheque...)

Essentially this is where Paypal got popular - the extra risk of an unregulated company was evidently outweighed by the reduced transfer fees or hassle. It's not clear to me why say a company that uses Bitpay to receive payments is a much greater risk?

Maybe the European Banking Authority should warn people off Paypal...

"It's a bubble speculation which has proved of some ongoing value to some cyber-criminals, drug dealers, botnet operators and digital blackmailers."

We've been hearing "it's a bubble" since the value was $10 - still waiting for the crash. Any form of money has black market uses.

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